IFCI at HVN Support, Close Above 17.5, can buy for a target of 21.5
Volumes greater than 5 Day SMA Volume
SL 16
*** Don't just depend of price action, its always good add a fundamental angle to trading :). Volume Profile gets you that.
My Disclaimer -
I am neither professional nor a registered analyst with SEBI or any other body, I read price and time charts for my own study and may or may not take any position on any of them.
If I share my study with you, it is purely for Study purpose, and any Profit/ Losses arising out of anyone taking any position shall be at their sole risk and...
Go long in IFCI.
As per Fibonacci analysis, it has shown 100% drawdown wrt previous fall and has maintained to close above 0.3 fibs ratio.
Expect further upside to 26.3 levels in 3-4 trading sessions with a SL of 25.1
Price seems to be setting up nicely for a rally. It has to clear a few resistance though. Sort out those levels and plan a trade accordingly. Worth having this one in watchlist.
IFCI Limited is a non-banking financial company engaged in the business of financing companies. The Company is also engaged in providing other credit granting services. The Company's products and services include financial products and corporate advisory services. Its financial products include Debt Segment and Equity Segment. Its Debt Segment includes products, such as short-term loans, medium-term loans and long-term loans. Its Equity Segment includes investment in initial public offering (IPO), right issue, qualified institutional placement (QIP) and warrants, as well as in the secondary markets for listed companies; strategic investment in unlisted companies, and trading in the secondary market, including equity derivatives. Its corporate advisory services include project consulting, mergers and acquisition, disinvestment/bid process management, corporate restructuring and bidding advisory. The Company also provides infrastructure advisory services and monitoring of public issues.
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IFCI
